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Latest Business News from Romania

romania-no-longer-europe-s-poor-man-guardian-says-10-15-2017
16 Oct 17

Romania ‘No longer Europe’s poor Man’, Guardian Says

Leading UK paper says Romania is fast shrugging off its negative image as the economy and IT sector power ahead, despite continuing problems of corruption.

croatia-romania-oecd-membership-blocked-by-unhappy-neighbours-09-07-2017
07 Sep 17

Angry Neighbours to Bar Croatia, Romania, From OECD

Hungary and Slovenia plan to stop Romania and Croatia from joining the world’s largest economic organization, citing disputes over minority rights and border demarcation.

macron-fails-to-boost-french-arms-sales-to-romania-08-25-2017
25 Aug 17

Macron's Romania Visit Disappoints French Arms Firms

French military equipment and weapons manufacturers have voiced disappointment after President Emmanuel Macron’s visit to Romania did not result in any confirmed arms sales. 

italian-chinese-consortiums-compete-to-build-romania-danube-bridge-08-23-2017
23 Aug 17

Italians and Chinese Compete to Build Romanian Bridge

Two Italian-Japanese and Chinese-led consortiums are competing to build a 500-million-euros bridge over the Danube in Romania - the biggest infrastructure project the country has seen in decades. 

romanian-state-airline-under-scrutiny-after-historical-losses-08-21-2017
21 Aug 17

Romania Order Probe Into State Airline's Losses

Romanian Prime Minister Mihai Tudose has ordered an investigation into the affairs of the state-owned airline Tarom, after the company reported further major losses in the first part of 2017.

romania-bulgarians-at-great-risk-of-modern-slavery-experts-warn-08-16-2017
17 Aug 17

Modern Slavery Risk Highlighted in Bulgaria, Romania

A newly published index names Romania and Bulgaria as two of the five EU countries where the risk of modern slavery is highest – alongside Greece, Italy and Cyprus.

romania-s-economy-speeds-up-to-fastest-growing-in-the-eu-08-16-2017
16 Aug 17

Romania’s Economy Named EU's Fastest Growing

Romania’s economy grew by a healthy 5.9 percent in the second quarter of the year, pushing its GDP to its highest level in 12 months. 

balkan-mining-tycoon-detained-for-graft-in-israel-08-14-2017
14 Aug 17

Balkan Mining Tycoon Arrested for Alleged Graft

Billionaire Benjamin Steinmetz, the owner of two iron and gold mining companies in the Balkans, who is wanted by anti-graft prosecutors in Romania, has been arrested in Israel for alleged money laundering.

romania-joins-visegrad-states-in-eu-food-row-07-27-2017
28 Jul 17

Romania Joins Campaign Against 'Double Standards' in Food

Romania is joining a number of other Eastern European states who accuse big food retailers of using an EU loophole to sell inferior-quality products to their countries.

chinese-group-sets-foot-in-romania-via-energy-acquisition-07-27-2017
27 Jul 17

Chinese Seal Major Romanian Energy Acquisition

A Chinese company will acquire Romania’s main Black Sea refinery after Bucharest approved its purchase of a majority stake in Kazakh-based KMG International, which owns 48.1 per cent of Rompetrol Rafinare.

swedish-row-exposes-eastern-low-cost-it-services-07-25-2017
25 Jul 17

Sweden Scandal Highlights Cheap Romanian, Serbian IT Market

The growth of the low-cost IT subcontracting market in Eastern Europe has been highlighted by a scandal over Romanian, Czech and Serbian programmers potentially having access to Swedish citizens’ data.

romania-sued-over-halted-gold-mine-project-06-30-2017
30 Jun 17

Canadians Sue Romania Over Halted Montana Gold Mine

The Canadian company Gabriel Resources is seeking 4.4 billion US dollars from Romania over the Rosia Montana gold mining project, which the government blocked in 2014. 

romanian-companies-affected-by-ransomware-attack-06-28-2017
28 Jun 17

Ransomware Attack Spreads to Romania

Several companies in Romania have been hit by the massive cyber attack that struck Ukraine on Tuesday and which continues to spread in Europe and Asia.

balkan-eu-states-drop-roaming-fees-06-14-2017
15 Jun 17

Balkan EU States Drop Roaming Fees

Mobile phone users from Bulgaria, Croatia and Romania will be able to save money from Thursday onwards, when new EU rules officially scrapping roaming charges come into force.

moldova-new-energy-deal-raises-questions-over-russian-pressure-06-08-2017
09 Jun 17

Moldova Energy Deal Raises Concerns of Russian Pressure

A new deal signed quietly by the government in Chisinau with the Russian operator of a power plant in Moldovan breakaway region Transnistria has worried EU observers and the Moldovan opposition.

Premium

turkish-crisis-fuels-investment-surge-in-balkans-08-21-2017
22 Aug 17

Turkish Crisis Fuels Investment Surge in Balkans

The political crisis in Turkey is motivating many Turkish companies to shift their business operations to the nearby Balkan states.

04 Jul 17

Economic Storm-clouds Hover Over Romania

14 Mar 17

Romania Hopes to Become Regional Energy Hub

16 Jun 16

Romania’s Economic Recovery Comes at a Cost

25 Jun 15

Balkan Economies Brace for Impact of Grexit

Politics and Society

romania-ruling-party-rejects-hungarian-minority-bill-10-16-2017
17 Oct 17

Romania Snubs Push to Honour 1848 Uprising

A proposal by Romania's ethnic Hungarians to honour March 15 as the anniversary of the 1848 Hungarian uprising against Austria has drawn a cool response from Romanian parliamentarians.  

13 Oct 17

Romania PM Forces Three Ministers to Quit

13 Oct 17

Moldova Faces Dilemma After EU Cuts Funds

Culture and Lifestyle

ancient-croat-community-keep-traditions-alive-in-romania-10-12-2017
13 Oct 17

Ancient Croat Community Keep Traditions Alive in Romania

The Croat President’s recent visit to Carasova in Romania put the spotlight back on a tiny, ancient community whose exact origins are lost in the mists of time.